Here are the 8-K filings from Proem Acquisition Corp I (PAAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow PAAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAAC filings page.
Proem Acquisition Corp. I (PAAC) agreed to combine with Astro Digital US, Inc., with PAAC acquiring all of Astro Digital’s equity for a $525 million base purchase price plus the aggregate exercise price of vested in-the-money options and warrants. Consideration is PAAC common shares calculated at $10.00 per share; the proposed combination implies pro forma enterprise value of approximately $587 million.
PIPE investors agreed to subscribe for 5,000,000 PAAC common shares at $10.00 each for $50 million; Sponsor affiliates committed $25 million. PAAC will use 20% of gross PIPE proceeds to repurchase shares from certain Astro Digital stockholders at $10.00 per share on the business day immediately following the second merger effective time. Closing is expected in the first quarter of 2027, subject to shareholder approvals, effectiveness of a Form S-4 and conditions including at least $30 million in closing cash.
Astro Digital reported revenue growth at a 42% two-year CAGR and positive adjusted EBITDA. Its investor presentation describes the financial information as unaudited and preliminary.
Proem Acquisition Corp I is allowing holders of its units to begin separately trading the underlying ordinary shares and warrants, starting on or about April 6, 2026. Each unit consists of one ordinary share and one-half of one redeemable warrant, and each whole warrant allows the purchase of one ordinary share at $11.50 per share, subject to adjustment.
Units will continue to trade on Nasdaq under the symbol PAACU, while separated ordinary shares and warrants will trade under PAAC and PAACW, respectively. Holders must have their brokers contact Continental Stock Transfer & Trust Company to complete the separation.